NEAR Price Drops 7% as Token Issuance Cut Proposal Passes
TL;DR NEAR price drops approximately 7% on November 3, trading near $3.82 despite approval of a proposal to reduce annual token issuance. The HSP-029 proposal aims to lower the maximum issuance rate from 2.5% to 1.6% over 24 months. The planned changes could prevent 11.8 million NEAR tokens from entering circulation over two years. The […]
Key Takeaways
- TL;DR NEAR price drops approximately 7% on November 3, trading near $3.82 despite approval of a proposal to reduce annual token issuance.
- The HSP-029 proposal aims to lower the maximum issuance rate from 2.5% to 1.6% over 24 months.
- The planned changes could prevent 11.8 million NEAR tokens from entering circulation over two years.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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